Enbridge Energy Partners, L.P. (NYSE:EEP) issued its earnings results on Monday. The company reported $0.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.19 by $0.10. The company had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same period last year, the firm earned $0.23 EPS.

Enbridge Energy Partners, L.P. (NYSE:EEP) opened at 25.56 on Monday. Enbridge Energy Partners, L.P. has a 12-month low of $14.27 and a 12-month high of $29.99. The company has a market cap of $8.90 billion, a P/E ratio of 287.19 and a beta of 1.02. The stock’s 50 day moving average is $25.13 and its 200-day moving average is $23.30.

Earnings History for Enbridge Energy Partners, L.P. (NYSE:EEP)

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 14th. Stockholders of record on Monday, November 7th will be issued a dividend of $0.583 per share. The ex-dividend date of this dividend is Thursday, November 3rd. This represents a $2.33 dividend on an annualized basis and a dividend yield of 9.12%.

EEP has been the subject of a number of research reports. Zacks Investment Research cut shares of Enbridge Energy Partners, L.P. from a “hold” rating to a “sell” rating in a report on Tuesday, October 18th. Goldman Sachs Group Inc. upgraded shares of Enbridge Energy Partners, L.P. from a “sell” rating to a “neutral” rating and raised their target price for the stock from $20.00 to $24.00 in a report on Monday, September 19th. FBR & Co started coverage on shares of Enbridge Energy Partners, L.P. in a research note on Friday, September 9th. They issued an “outperform” rating and a $31.00 price objective for the company. Simmons raised shares of Enbridge Energy Partners, L.P. from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $25.00 to $28.00 in a research note on Wednesday, September 7th. Finally, Piper Jaffray Cos. raised shares of Enbridge Energy Partners, L.P. from a “neutral” rating to an “overweight” rating in a research note on Wednesday, September 7th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $25.20.

A number of hedge funds and other institutional investors have recently modified their holdings of EEP. Oppenheimer & Co. Inc. boosted its position in shares of Enbridge Energy Partners, L.P. by 2.2% in the second quarter. Oppenheimer & Co. Inc. now owns 13,850 shares of the company’s stock worth $321,000 after buying an additional 303 shares in the last quarter. Edgemoor Investment Advisors Inc. boosted its position in shares of Enbridge Energy Partners, L.P. by 2.4% in the second quarter. Edgemoor Investment Advisors Inc. now owns 16,162 shares of the company’s stock worth $375,000 after buying an additional 375 shares in the last quarter. Summit Equities Inc boosted its position in shares of Enbridge Energy Partners, L.P. by 0.8% in the second quarter. Summit Equities Inc now owns 50,304 shares of the company’s stock worth $1,167,000 after buying an additional 386 shares in the last quarter. WealthTrust Arizona LLC boosted its position in shares of Enbridge Energy Partners, L.P. by 1.6% in the third quarter. WealthTrust Arizona LLC now owns 29,033 shares of the company’s stock worth $738,000 after buying an additional 445 shares in the last quarter. Finally, Conning Inc. boosted its position in shares of Enbridge Energy Partners, L.P. by 0.4% in the third quarter. Conning Inc. now owns 179,319 shares of the company’s stock worth $4,560,000 after buying an additional 783 shares in the last quarter.

Enbridge Energy Partners, L.P. Company Profile

Enbridge Energy Partners, L.P. is a limited partnership that owns and operates crude oil and liquid petroleum transportation and storage assets, and natural gas gathering, treating, processing, transportation and marketing assets in the United States. The Company’s activities include interstate pipeline transportation and storage of crude oil and liquid petroleum, and gathering, treating, processing and transportation of natural gas and natural gas liquids (NGLs), through pipelines and related facilities, and supply, transportation and sales services, including purchasing and selling natural gas and NGLs.

5 Day Chart for NYSE:EEP

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